Europe Reports 3.3 Percent Annual Inflation

Annual inflation in the Euro area was 3.3 percent in April, down from 3.6 percent in March and up from 1.9 percent the previous year. The Netherlands, Portugal and Germany reported the lowest inflation rates among EU member states, while Latvia, Bulgaria and Lithuania had the highest. Food, housing and transportation each had 4.8 percent inflation rates, but inflation for communications, recreation and clothing remained steady or decreased.